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2014-05-29

KBR, Inc.: KBR Wins FERC FEED Contract for Gulf LNG Liquefaction Company, LLC

HOUSTON - May 29, 2014 -- KBR (NYSE: KBR) announced today that the company has
been awarded a contract by Gulf LNG Liquefaction Company, LLC (GLLC), an
affiliate of Gulf LNG Energy, LLC (GLE), to provide Federal Energy Regulatory
Commission (FERC) FEED engineering and FERC report pre-filing services to
support the addition of ten million metric tons per year of liquefaction and
export capabilities to GLE's existing liquefied natural gas (LNG) import
terminal, Gulf LNG Terminal, located in Jackson County, Miss.

Expected revenue from the contract will be included in the second quarter 2014
backlog of unfilled orders for the Gas Monetization segment. The contract
value was not disclosed.

Under the terms of the contract, KBR will perform FERC FEED engineering for
two LNG trains (each five million metric tons per year) and associated
facilities based on KBR's proven reference design using APCI C3MR Technology.
Additionally, KBR will provide the technical documentation required by the
Federal Energy Regulatory Commission (FERC) during the pre-filing process.

These facilities will allow the terminal to liquefy domestic natural gas
delivered by pipeline, store the LNG in the terminal's existing LNG storage
tanks, and load it into LNG vessels via the terminal's existing marine jetty.
The terminal will retain its current capability to receive, store, re-gasify,
and deliver natural gas into the interstate pipeline system as originally
constructed, thereby making the Gulf LNG Terminal bi-directional.

"We are excited to expand our work with Gulf LNG Liquefaction Company and to
contribute to this important development in Mississippi," said Ivor
Harrington, KBR Gas Monetization Group President. "This contract award
demonstrates the continued confidence in KBR's LNG project experience and
leverages our U.S. construction capability and provides opportunity for a
full service EPC contract at a later date".

About KBR
KBR is a global engineering, construction and services company supporting the
energy, hydrocarbons, power, industrial, civil infrastructure, minerals,
government services and commercial markets. For more information,
visitwww.kbr.com.

Forward Looking Statement
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form
10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss
some of the important risk factors that KBR has identified that may affect
the business, results of operations and financial condition. Except as
required by law, KBR undertakes no obligation to revise or update publicly
any forward-looking statements for any reason.

Contact:
Investors

Zac Nagle
Vice President, Investor Relations and Communications
713-753-5082
Investors@kbr.com

Media

Richard Goins
Director, Corporate Communications
713-751-9471
Mediarelations@kbr.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KBR, Inc. via Globenewswire

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